Credit Industriel ET Commercial Lowers Stock Position in TeleTech Holdings, Inc. $TTEC

Credit Industriel ET Commercial lessened its holdings in shares of TeleTech Holdings, Inc. (NASDAQ:TTEC) by 50.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,580 shares of the business services provider’s stock after selling 50,234 shares during the period. Credit Industriel ET Commercial’s holdings in TeleTech were worth $238,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. AE Wealth Management LLC increased its stake in shares of TeleTech by 27.1% during the first quarter. AE Wealth Management LLC now owns 26,048 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 5,560 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of TeleTech in the 1st quarter worth approximately $124,000. American Century Companies Inc. increased its position in TeleTech by 20.3% during the 1st quarter. American Century Companies Inc. now owns 43,901 shares of the business services provider’s stock valued at $144,000 after buying an additional 7,393 shares in the last quarter. Robertson Stephens Wealth Management LLC purchased a new position in TeleTech during the second quarter valued at $173,000. Finally, Nuveen LLC purchased a new position in TeleTech during the first quarter valued at $188,000. 38.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TTEC shares. Wall Street Zen cut TeleTech from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “sell (e+)” rating on shares of TeleTech in a research report on Wednesday, October 8th. Barrington Research reaffirmed a “market perform” rating on shares of TeleTech in a report on Monday, August 18th. Finally, Zacks Research upgraded shares of TeleTech to a “hold” rating in a report on Friday, August 8th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $3.50.

TeleTech Trading Down 13.7%

NASDAQ:TTEC opened at $2.72 on Friday. The company has a market cap of $131.82 million, a PE ratio of -5.04, a price-to-earnings-growth ratio of 0.36 and a beta of 1.22. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 2.99. The company has a 50 day simple moving average of $3.54 and a two-hundred day simple moving average of $4.23. TeleTech Holdings, Inc. has a 12 month low of $2.49 and a 12 month high of $5.86.

TeleTech (NASDAQ:TTEC) last released its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.13). TeleTech had a negative net margin of 1.20% and a positive return on equity of 8.23%. The firm had revenue of $519.14 million for the quarter, compared to the consensus estimate of $497.92 million. TeleTech has set its FY 2025 guidance at 0.950-1.200 EPS. Research analysts forecast that TeleTech Holdings, Inc. will post 0.33 earnings per share for the current year.

TeleTech Company Profile

TTEC Holdings, Inc operates as a customer experience (CX) company that designs, builds, and operates technology-enabled customer experiences across digital and live interaction channels. It operates through two segments, TTEC Digital and TTEC Engage. The TTEC Digital segment provides CX technologies for contact center as a service, customer relationship management, and artificial intelligence (AI) and analytics; creates and implements strategic CX transformation roadmaps; sells, operates, and provides managed services for cloud platforms and premise based CX technologies; creates proprietary IP to support industry specific and custom client needs; and offers CX consulting services.